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flag U.S. rejects Navajo Nation's low coal bid, citing below-market value, as coal demand declines.

flag The U.S. government rejected a bid by Navajo Transitional Energy Co. to buy 167 million tons of coal from Montana public lands for $186,000—less than a penny per ton—marking the largest coal lease sale failure in over a decade. flag Officials said the offer fell below fair market value under the Mineral Leasing Act. flag The low bid reflects declining coal demand as utilities shift to natural gas and renewables. flag A related Wyoming lease sale was postponed. flag NTEC, owned by the Navajo Nation, acknowledged the coal’s limited value as most plants using its output are expected to phase out coal within a decade. flag Export hopes are hampered by port capacity shortages.

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